Saturday, February 13, 2016

To most
South Indians, day starts early with a steaming hot filter coffee and newspaper
– Indian Express has been there; The Hindu ruled for decades, now slowly losing
out to Times of India … ! ~ for varied reasons.
Many of us become restless when there is no paper for a day due to
holiday like Deepavali ! Recall that there was
an eveninger too – ‘the Mail’ having its Office adjacent to the Hindu, one of
the oldest, sadly closed down by end 1981.
At the time of its fading away, the paper's circulation was an anaemic
10,000, of which 3,000 copies were reportedly returned unsold. The Mail was part of Madras culture, and had a
lot of firsts to its credit, including the initiative in giving importance to
local news and in publishing picture pages.

In
2013 came the news that the owners of renowned Readers Digest filed for
bankruptcy for the second time in less than four years, citing a
greater-than-expected decline of the media industry. RDA Holding Co and more
than two dozen affiliates filed for a pre-negotiated Chapter 11 bankruptcy plan
which according to the Company would allow it to reduce its $534 million debt load
by 80 percent.

This time, it is in
UK and it is ‘The Independent’ which is in similar league. The Independent is a British national morning
newspaper published in London by Independent Print Limited, owned by Alexander
Lebedev since 2010. It will cease to be
produced in a print edition from late March 2016, but will continue in an
online form. The Independent was launched in 1986 and is one of the youngest UK
national daily newspapers. The daily edition was named National Newspaper of
the Year at the 2004 British Press Awards. Nicknamed the Indy, it was originally a
broadsheet newspaper, the newspaper has been published in a tabloid or
"compact" format since 2003.

Now in February
2016 comes the announcement that The
Independent and its sister Sunday title will stop printing in March; thus would
become the first national newspaper title to move to a digital-only future,
owners ESI Media have announced. It was
claimed that the move will capitalise on The Independent’s position as the
fastest growing UK quality newspaper website, and will ensure a sustainable and
profitable future. Evgeny Lebedev, owner
of The Independent, is quoted as saying : “The newspaper industry is changing,
and that change is being driven by readers. They’re showing us that the future
is digital. This decision preserves the Independent brand and allows us to
continue to invest in the high-quality editorial content that is attracting
more and more readers to our online platforms.

Steve Auckland,
Group CEO, ESI Media, said: “The unique editorial proposition of The
Independent is perfectly suited to the global digital landscape. Following this
decisive move to digital, we will be as focused and uncompromised as any
start-up, but with all the authority and trust of an established newsbrand – a
truly unique proposition. We now have a clear and secure future path for our
businesses. It’s also a further opportunity for our advertisers to capitalise
on our growing, smart, affluent and digitally savvy audience.” The i100.co.uk
site, the hugely successful quality news source for millennials, will become
indy100.com as part of ESI Media’s drive to champion truly independent and
innovative journalism worldwide.

Its Russian owners
will also sell off its profitable cheaper stablemate 'i' to regional publisher
Johnston Press for £24million. More than 50 'i' staff will move with the paper
with the Indy's re-branded website indy100.com taking on around 25 newspaper
staff but 70 journalists now face redundancy. The daily newspaper's final print
edition will be on Saturday, March 26, with the final Sunday version on March
20.

According to its
owner - 'We faced a choice: manage the continued decline of print, or convert
the digital foundation we've built into a sustainable, profitable future. 'In
choosing the latter, we will create 25 new content roles, launch a new
subscription mobile app, enhance the redesigned, thriving website, open new
editorial bureaux in Europe, the Middle East and Asia, and invest further in
our New York US operation.' He added, 'We
now have a clear and secure future path for our businesses. It's also a further
opportunity for our advertisers to capitalise on our growing, smart, affluent
and digitally savvy audience.'

Reaction so far has
seen many lament the loss of the paper to the news industry. Television
presenter Susanna Reid said on Twitter: 'Whether you bought it or read it, the
closure of The Independent/IoS & move to online-only feels like a big
moment for all journalism.'